Applied Materials Inc., Santa Clara, Calif., has acquired substantially all the assets, including the intellectual property, of Advent Solar Inc., Albuquerque, for an undisclosed cash amount. Advent Solar is a developer of advanced technology for crystalline silicon (c-Si) PVs. This acquisition is expected to complement Applied’s portfolio of solar PV technologies.
“We believe the acquisition of Advent Solar will increase our opportunities to provide innovative solutions for reducing module production costs,” said Dr. Mark Pinto, chief technology officer and general manager of Applied’s Energy and Environmental Solutions Group. “Combining Advent Solar’s PV technology with Applied’s expertise in automated wafering and cell production equipment, we expect to deliver systems that will enhance customers’ c-Si roadmaps and accelerate the reduction in cost per watt of solar electricity.”
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Doug Chandler
Doug Chandler began writing about the electrical industry in 1992, with intentions ...
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Applied Materials Bolsters PV Biz with Acquisition of Advent Solar
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As a manufacturer of equipment for the production of semiconductor chips, flat panel displays, solar photovoltaic cells, flexible electronics and energy efficient glass, Wall Street analysts track Applied Materials’ sales closely because they act as an early indicator for the health of the electronics industry, much like machine-tool orders are an early indicator for the industrial market.